What is Digital Signature and How it Works?

In this digital world, the way documents pass from one person to another can be quite confusing. There is always a certain amount of doubt regarding safety and authenticity. This put a certain amount of risk on the business and entities working solely through digital documents.
To solve this problem, technology and the internet have created a solution. This solution is to authenticate the documents using electronic signatures. Like a usual signature on paper with a pen, digital signatures authenticate the sender and the content of the documents sent digitally. Also, the digital signatures are legally regulated means, with no legal issues as well.
Today, one can find different companies that provide digital signature services to their clients. One can also end up creating an electronic signature in word for their official documents. Before digitally signing any document, let’s learn some more about it.

Digital Signatures- In Detail

Digital signatures are based on mathematical algorithms. And this is what makes them safer than any other form of electronic signatures. The mathematical algorithm provides each signature with a unique identification for the user. It is more like a virtual fingerprint, authenticating the sender’s identity and the document’s contents.
Digital signatures are used for various document types like emails, pictures, documents, bills, etc. These signatures make sure that the receiver can authenticate the material. It also helps recognize any tampering with the document while being in transit or when it is moved from one device to another.

Security Of Digital Signatures

Digital signatures are far safer and secure when it comes to electronic signatures. Why? Well, the way these signatures function is the reason behind their security and authenticity.
The digital signatures are sent and received with the help of private and public keys. The sender will have a private key, which will encrypt the document that is to be sent. The public key will be with the receiver, who will use the same to decrypt the message.  This entire system is based on public-key cryptography.
The service provider of digital signature will provide a registered certificate to both the sender and receiver. It will help in authenticating the keys that both parties have. It allows the service provider to match the key and the signature of the sender and the public of the receiver.

Signing The Documents

For digitally signing the documents, one needs to sign up with a digital signature provider. They will then help in signing the papers or documents through their platform. The documents can be signed and then sent from the platform easily. The digital authority certificates are provided, which authenticates the documents to avoid breach of safety. The sender then sends the documents to the receiver along with the public key. Using the key, they can view and use the document.

Why Use Digital Signatures?

There are several reasons why digital signatures can be a great option for professionals and businesses:

  • Businesses can save a lot of money spent on paper, ink, and other stationery. It is also eco-friendly as the businesses will not be using paper.
  • The businesses can get the papers signed almost immediately without any waiting time. Regardless of where the signee is or when they will come back, one can send them the documents digitally and sign them without delays.
  • Digital signatures are secure and safer as compared to any other electronic signature method. One can be creating an electronic signature in word safely without any hassle.
  • These signatures are legal as they are authenticated and verified using a mathematical algorithm, and thus these documents will work in a court.

Digital signatures are one of the things that are changing the way modern businesses and workplaces are working. They are feasible, cheaper, and efficient. Not only that, anybody can use these digital signatures by choosing the best platform from the internet.

Published by lunarpensign

Lunarpen provides a simple and easy solution for companies to send documents for signature online. Our services include legally binding, electronic signatures, document editor, audit trail, team management, app integrations, documents & security, Contact Management and customer support.

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